Early retirement


Q. Employee will have 30 years of CSRS service in 2012, but will be 50 years old. When is the employee’s first available chance for early retirement, and will there be penalties to computing their pay?

A. Employees who are offered an opportunity to retire early and have at least 25 years of service can retire at any age. However, your annuity would be permanently reduced by 2 percent for every year you were under age 56 (1/6 percent per month).


About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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